The calculations of basic earnings per common share and diluted earnings per common share for the years ended December 31, 2023, December 25, 2022 and December 26, 2021 are as follows (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | 2023 | | 2022 | | 2021 | | Basic earnings per common share | | | | | | | | Net income attributable to the Company | | $ | 82,098 | | | $ | 67,772 | | | $ | 120,016 | | | Dividends on redemption of Series B Convertible Preferred Stock | | — | | | — | | | (109,852) | | | Dividends paid to participating securities | | — | | | (306) | | | (6,091) | | | Net income attributable to participating securities | | — | | | (104) | | | — | | | Net income attributable to common shareholders | | $ | 82,098 | | | $ | 67,362 | | | $ | 4,073 | | | | | | | | | | Basic weighted average common shares outstanding | | 32,931 | | | 35,497 | | | 35,007 | | | Basic earnings per common share | | $ | 2.49 | | | $ | 1.90 | | | $ | 0.12 | | | | | | | | | | Diluted earnings per common share | | | | | | | | Net income attributable to common shareholders | | $ | 82,098 | | | $ | 67,362 | | | $ | 4,073 | | | | | | | | | | Weighted average common shares outstanding | | 32,931 | | | 35,497 | | | 35,007 | | Dilutive effect of outstanding equity awards (a) | | 228 | | | 220 | | | 330 | | | Diluted weighted average common shares outstanding | | 33,159 | | | 35,717 | | | 35,337 | | | Diluted earnings per common share | | $ | 2.48 | | | $ | 1.89 | | | $ | 0.12 | |
______________________________ (a)Excludes 194,846 shares underlying equity awards for the year ended December 31, 2023, as the effect of including such awards would have been anti-dilutive, and none in 2022 or 2021.
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